Reliance Industries Limited

NSEI:RELIANCE Stock Report

Market Cap: ₹16.5t

Reliance Industries Future Growth

Future criteria checks 1/6

Reliance Industries is forecast to grow earnings and revenue by 14% and 5.9% per annum respectively. EPS is expected to grow by 15.6% per annum. Return on equity is forecast to be 9.2% in 3 years.

Key information

14.0%

Earnings growth rate

15.6%

EPS growth rate

Oil and Gas earnings growth13.0%
Revenue growth rate5.9%
Future return on equity9.2%
Analyst coverage

Good

Last updated19 Jan 2025

Recent future growth updates

Earnings Update: Reliance Industries Limited (NSE:RELIANCE) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Apr 25
Earnings Update: Reliance Industries Limited (NSE:RELIANCE) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Jan 22
Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Recent updates

Are Reliance Industries Limited (NSE:RELIANCE) Investors Paying Above The Intrinsic Value?

Jan 08
Are Reliance Industries Limited (NSE:RELIANCE) Investors Paying Above The Intrinsic Value?

The Market Doesn't Like What It Sees From Reliance Industries Limited's (NSE:RELIANCE) Earnings Yet

Dec 03
The Market Doesn't Like What It Sees From Reliance Industries Limited's (NSE:RELIANCE) Earnings Yet

We Think Reliance Industries (NSE:RELIANCE) Is Taking Some Risk With Its Debt

Sep 19
We Think Reliance Industries (NSE:RELIANCE) Is Taking Some Risk With Its Debt

Reliance Industries' (NSE:RELIANCE) Upcoming Dividend Will Be Larger Than Last Year's

Aug 08
Reliance Industries' (NSE:RELIANCE) Upcoming Dividend Will Be Larger Than Last Year's

Subdued Growth No Barrier To Reliance Industries Limited's (NSE:RELIANCE) Price

Jul 16
Subdued Growth No Barrier To Reliance Industries Limited's (NSE:RELIANCE) Price

Does Reliance Industries (NSE:RELIANCE) Deserve A Spot On Your Watchlist?

Jun 28
Does Reliance Industries (NSE:RELIANCE) Deserve A Spot On Your Watchlist?

Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?

May 22
Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?

Additional Considerations Required While Assessing Reliance Industries' (NSE:RELIANCE) Strong Earnings

May 02
Additional Considerations Required While Assessing Reliance Industries' (NSE:RELIANCE) Strong Earnings

Earnings Update: Reliance Industries Limited (NSE:RELIANCE) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Apr 25
Earnings Update: Reliance Industries Limited (NSE:RELIANCE) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Little Excitement Around Reliance Industries Limited's (NSE:RELIANCE) Earnings

Apr 08
Little Excitement Around Reliance Industries Limited's (NSE:RELIANCE) Earnings

With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Feb 09
With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Jan 22
Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?

Jan 21
Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?

Earnings and Revenue Growth Forecasts

NSEI:RELIANCE - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202710,814,251955,607722,022N/A28
3/31/202610,257,910853,245476,168N/A33
3/31/20259,698,727716,766391,191N/A32
12/31/20249,398,380691,920N/AN/AN/A
9/30/20249,249,380679,170235,4401,797,530N/A
6/30/20249,252,890687,480N/AN/AN/A
3/31/20249,010,640696,21059,0501,587,880N/A
12/31/20238,773,650698,690N/AN/AN/A
9/30/20238,690,160682,960172,3201,558,270N/A
6/30/20238,681,720647,960N/AN/AN/A
3/31/20238,778,350662,840-259,5601,150,320N/A
12/31/20228,738,980636,060N/AN/AN/A
9/30/20228,417,610635,270-398,450841,930N/A
6/30/20227,793,170635,510N/AN/AN/A
3/31/20226,959,630562,080105,0901,106,540N/A
12/31/20216,421,620540,960N/AN/AN/A
9/30/20215,749,950516,050-26,570950,250N/A
6/30/20215,186,200425,260N/AN/AN/A
3/31/20214,669,240434,860-788,790269,580N/A
12/31/20204,530,490416,710N/AN/AN/A
9/30/20204,884,910452,320-566,470322,870N/A
6/30/20205,270,160469,270N/AN/AN/A
3/31/20205,975,350437,980183,600948,770N/A
12/31/20196,112,500435,450N/AN/AN/A
9/30/20196,144,430419,790-269,080566,220N/A
6/30/20196,092,400402,330N/AN/AN/A
3/31/20195,692,090395,880-512,800423,460N/A
12/31/20185,595,290386,640N/AN/AN/A
9/30/20185,017,300378,330N/AN/AN/A
6/30/20184,507,970364,260N/AN/AN/A
3/31/20184,082,650360,750N/A714,590N/A
12/31/20173,810,110346,860N/AN/AN/A
9/30/20173,627,000327,960N/AN/AN/A
6/30/20173,492,660318,960N/AN/AN/A
3/31/20173,301,800299,010N/A495,500N/A
12/31/20162,880,070268,390N/AN/AN/A
9/30/20162,763,310265,780N/AN/AN/A
6/30/20162,649,190287,190N/AN/AN/A
3/31/20162,932,980297,450N/A381,340N/A
12/31/20152,837,620266,130N/AN/AN/A
9/30/20153,090,290245,790N/AN/AN/A
6/30/20153,479,250238,310N/AN/AN/A
3/31/20153,754,350235,660N/A343,740N/A
12/31/20144,113,930230,660N/AN/AN/A
9/30/20144,359,030233,120N/AN/AN/A
6/30/20144,415,970232,130N/AN/AN/A
3/31/20144,344,600224,930N/A432,610N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RELIANCE's forecast earnings growth (14% per year) is above the savings rate (6.7%).

Earnings vs Market: RELIANCE's earnings (14% per year) are forecast to grow slower than the Indian market (17.9% per year).

High Growth Earnings: RELIANCE's earnings are forecast to grow, but not significantly.

Revenue vs Market: RELIANCE's revenue (5.9% per year) is forecast to grow slower than the Indian market (10.7% per year).

High Growth Revenue: RELIANCE's revenue (5.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RELIANCE's Return on Equity is forecast to be low in 3 years time (9.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 11:27
End of Day Share Price 2025/01/20 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Reliance Industries Limited is covered by 80 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
Nitin BhasinAmbit Capital
Vishwas KatelaAnand Rathi Shares and Stock Brokers Limited